What were the drawbacks of Barter system?
Answers
Answer:
Post Courtesy of APARIJITA SINHA
Money is something which is generally accepted as a medium of exchange. It is one of the most basic and significant inventions of mankind. Before money came into use, exchange took place through barter system, i.e., goods were exchanged for goods.
Barter means direct exchange of goods. In other words, barter refers to exchanging of goods without the use of money. For example, corn may be exchanged for cloth, house for horses, bananas for oranges and so on.
Explanation:
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barter system has a lot of drawback disadvantages the first disadvantage is that in barter system a proper value of anything is not supported suppose you are buying something of less cost but you have to give more goods to them so it will be not an equally balanced so to balance this what is system has been removed but still in many of the villages in very rare villages very rare barter system is used.